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NO IT SHOULD BE IN CURRENT ACCOUNT AND READY TO USE .saurabhk wrote:Hi,
One of my friends is processing Tier 4 student visa. Can she show funds in her fixed deposit to meet the maintenance requirements.
Awaiting expert advise.
Thanks
Saurabh
Do you atleast know what are talking about? fixed term deposits fixed for specific time thats why in the tier4 guidance it clearly says that current or savings account only and bonds are not acceptable.potterbond007 wrote:sure she can.. just get a letter from the bank that the fund can be accessed anytime needed. hammerhead, dont go around misleading people..
dude... I have done it.. Fixed deposits in most cases can be diluted before it's time of maturity. The only problem is that you wont get any interest on whatever time you had put the money in the bank already. So a fixed deposit is fine as long as you get a letter from the bank which states that this money can be accessed and used whenever needed. get it hammerhead? Also, since when have you started comparing a fixed deposit to a bond??HAMMERHEAD wrote:Do you atleast know what are talking about? fixed term deposits fixed for specific time thats why in the tier4 guidance it clearly says that current or savings account only and bonds are not acceptable.potterbond007 wrote:sure she can.. just get a letter from the bank that the fund can be accessed anytime needed. hammerhead, dont go around misleading people..
Because bonds are as well ready to use anytime but you have to convert them into cash, same with fixed deposit that why home office has mentioned only current and savings account but for your kind information some of the ECO's are very optimistic with guidance who can not accept fixed deposit, to be on safe safe side she has to tranfer money in current account.potterbond007 wrote:dude... I have done it.. Fixed deposits in most cases can be diluted before it's time of maturity. The only problem is that you wont get any interest on whatever time you had put the money in the bank already. So a fixed deposit is fine as long as you get a letter from the bank which states that this money can be accessed and used whenever needed. get it hammerhead? Also, since when have you started comparing a fixed deposit to a bond??HAMMERHEAD wrote:Do you atleast know what are talking about? fixed term deposits fixed for specific time thats why in the tier4 guidance it clearly says that current or savings account only and bonds are not acceptable.potterbond007 wrote:sure she can.. just get a letter from the bank that the fund can be accessed anytime needed. hammerhead, dont go around misleading people..
and wait for the required period when the money should be in your account again?? It's upto the applicant to decide.. I have done it with fixed deposits ( and the bank letter ).. If you are so adamant about it hammerhead, then we will leave it to the applicant..HAMMERHEAD wrote: to be on safe safe side she has to tranfer money in current account.
I did it as well but it was a long time ago now a days things have been changed, second thing it's not me and you, who decide what is correct, the easiet way for applicant in such a stiuation is to call BHC and confirm and in my opinion it's better to ait for 28 days than 6 to 12 months for appeal( backlog in ait is upto 9 months since PBS started).potterbond007 wrote:and wait for the required period when the money should be in your account again?? It's upto the applicant to decide.. I have done it with fixed deposits ( and the bank letter ).. If you are so adamant about it hammerhead, then we will leave it to the applicant..HAMMERHEAD wrote: to be on safe safe side she has to tranfer money in current account.